{"id":25725,"date":"2013-04-02T21:09:23","date_gmt":"2013-04-03T01:09:23","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=25725"},"modified":"2013-04-02T21:11:15","modified_gmt":"2013-04-03T01:11:15","slug":"why-i-tweeted-hum-was-a-short","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/why-i-tweeted-hum-was-a-short","title":{"rendered":"Why I Tweeted HUM was a Short"},"content":{"rendered":"

Today during the trading session I tweeted on StockTwits about an excellent $HUM short opportunity, as you can see below.<\/p>\n

\"\"<\/a><\/p>\n

The funny part about these tweets, and I will let you do the research, is I was called out for these short tweet ideas by a few. \u00a0My response to this now is the same as it was in real-time: I kinda do this for a living. \u00a0(If you know me at all you know I am teasing the mockers here with humility.) \u00a0But it’s an interesting and important side-story to the trade as I am sure some were wondering why I was focusing on the short side in HUM. \u00a0Why was I pointing out a short opportunity in HUM?<\/p>\n

Here were my thoughts:<\/p>\n

1) The first move in HUM was down. \u00a0We say Opening Dive.<\/p>\n

2) When 81.70 was violated on the Open, HUM had a serious downmove. \u00a0When I see downmoves like this, I think there are more to come potentially.<\/p>\n

3) A definitive range was established in HUM- 81.70 by 81.25. Why these prices? \u00a081.70 was the level HUM failed from impressively so that became resistance. \u00a081.25 was an area where I spotted impressive volume and intraday support. \u00a0Below this level and a downmove was more likely than not. \u00a0I brought our newest trainees into our conference room to explain these levels. \u00a0They didn’t understand until my fifth explanation so don’t worry if you don’t see these levels at first glance. \u00a0Look again.<\/p>\n

4) HUM got below the bottom of this definitive range.<\/p>\n

5) When HUM traded below 81.25, I liked the weakness that I saw on the tape. \u00a0It easily went down. \u00a0I like that. \u00a0That signals potential weakness to me.<\/p>\n

6) The stock was up over 10 points since the close of yesterday, with a pullback possible even if it were to find higher ground over the next few weeks.<\/p>\n

My job is not to be right. \u00a0My job is not to root for HUM. \u00a0I do not give a F*** where this stock trades in a week. \u00a0I care about finding spots, as I say “this is the moment”, where placing risk is appropriate (see Figure 1.1). \u00a0It is not just appropriate, it is my job.<\/p>\n

Figure 1.1<\/p>\n

\"\"<\/a><\/p>\n

I was not sure that HUM would trade lower. \u00a0I was damn sure that this was an area and the moment where the stock could move impressively away from this price. \u00a0Thus offering an excellent risk\/reward opportunity for us, which I shared in real-time with the trading community. \u00a0Anyway, I hope that helps.<\/p>\n

Tomorrow we can be better than today.<\/p>\n

Related post: Why EBAY was a Buy<\/a><\/p>\n

 <\/p>\n

Mike Bellafiore
\n<\/em><\/p>\n

The PlayBook<\/a><\/em><\/p>\n

One Good Trade<\/a><\/em><\/p>\n

\"\"<\/a><\/p>\n

no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Today during the trading session I tweeted on StockTwits about an excellent $HUM short opportunity, as you can see below. The funny part about these tweets, and I will let you do the research, is I was called out for these short tweet ideas by a few. \u00a0My response to this now is the same as it was in real-time: … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":25726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[2444,2449,4703,2448,2451,4706,4707,1718,653,2445,1989,4712,4690,1888,207],"class_list":["post-25725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mike-bellafiore-bellas-blogs","tag-daytrading","tag-how-to-be-a-day-trader","tag-learn-trading","tag-prop-trade","tag-stock-market-course","tag-stock-trading-education","tag-stock-training","tag-the-playbook","tag-trader-training","tag-trading-careers","tag-trading-course","tag-trading-courses","tag-trading-education","tag-trading-school","tag-trading-stocks"],"yoast_head":"\nWhy I Tweeted HUM was a Short | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/why-i-tweeted-hum-was-a-short\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why I Tweeted HUM was a Short | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Today during the trading session I tweeted on StockTwits about an excellent $HUM short opportunity, as you can see below. 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